Funding arb · Price arb /

SKR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.024%

Price spread now: KuCoin against Binance+0.014%7-day average +0.070% · you sell dearer than you buy

Net, funding: paid 7d − costs−$492as in the Funding arb table

Net, price: spread back to 7d avg − costs−$511as in the Price arb table

costs, in and out, $10k−$5055.052% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.133%+$13 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.014%, 7d avg +0.070%

Together, before fees+0.107%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.070%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance SKRUSDT	0.02122	0.0100	pay 0.0050% / 4h	22m 58s	$3.6M	$13.5M	20x
Short	KuCoin SKRUSDTM	0.02122	0.0100	get 0.0050% / 4h	22m 58s	$654K	$729K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee KuCoinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.070%: −$5.57
Slippage, 4 orders: −$483.15
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$510.72
Costs to cover: 5.052%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; KuCoin: live order book, 61 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 2 min ago	0.24 bp	31.4 bp −$31	156.1 bp −$1,561	doesn't fit	doesn't fit
Sell KuCoin live order book, 61 min ago	7.74 bp	207.8 bp −$208	doesn't fit	doesn't fit	doesn't fit

SKR on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin SKR-USDT	−0.0140%	4h	0.02119	−0.127%	$231K	$168K	20x	as long as short
BingX SKR-USDT	+0.0070%	4h	0.02121	−0.028%	—	$2.3M	—	as long as short
Lighter SKR	+0.0096%	1h	0.02116	−0.245%	$9K	$20K	3x	as long as short
Hyperliquid SKR	+0.0100%	1h	0.02121	−0.019%	$1.3M	$813K	3x	as long as short
Aster SKRUSDT	+0.0100%	4h	0.02121	−0.046%	$29K	$36K	5x	as long as short
Binance SKRUSDTlong	+0.0100%	4h	0.02122	long leg	$3.6M	$13.5M	20x
Bybit SKRUSDT	+0.0100%	4h	0.02122	+0.024%	$4.5M	$5.3M	20x	as long as short
Gate SKR_USDT	+0.0100%	4h	0.02122	+0.019%	$1.0M	$565K	20x	as long as short
MEXC SKR_USDT	+0.0100%	4h	0.02121	−0.019%	$4.4M	$482K	20x	as long as short
KuCoin SKRUSDTMshort	+0.0100%	4h	0.02122	+0.014%	$654K	$729K	20x

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget SKRUSDT	+0.0100%	4h	0.02121	−0.033%	$1.5M	$1.3M	20x	as long as short
SunX SKR-USDT	+0.0100%	4h	0.02116	−0.273%	$2K	$2.3M	20x	as long as short
HTX SKR-USDT	+0.0100%	4h	0.02115	−0.292%	$14K	$35K	20x	as long as short
Phoenix SKR	+0.1165%	1h	0.02118	−0.151%	$4K	$10K	3x	as long as short
Backpack SKR_USDC_PERP	+0.1171%	1h	0.02121	−0.028%	$53K	$185K	5x	as long as short